Acting on behalf of a pension fund, MK2 has advised on the acquisition of a new Ambulance Service Unit. The property is a highly specified industrial unit and extends to 1,295 sq. m (13,940 sq. ft.) with a low site coverage of 18% providing ample secure parking. The property is let on a new full repairing and insuring lease for a term of 20 years.
The property was purchased for a price of £1,935,000 reflecting a net initial yield of 6.25%.